S Korea's CJ eyes US frozen foods firm Schwan's in $1.8b deal

S Korea's CJ eyes US frozen foods firm Schwan's in $1.8b deal

South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji

South Korean food giant CJ CheilJedang Corp is among several bidders looking to buy U.S. frozen foods firm Schwan’s Company in a deal estimated at more than 2 trillion won ($1.79 billion), a source familiar with the matter told Reuters on Wednesday.

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